Apply Now for International Student Loans!
June 1st, 2016 by Jennifer Frankel

student loanUniversities throughout the United States welcome ten of thousands of international students to their campuses every year. Going to school in the United States can be an extremely rewarding experience, but paying for it can be a challenge. Most students rely on several funding sources, such as scholarships, grants, family, personal savings, and finally, student loans. Many American students rely on government loans, but these are not available for international students. Fortunately, there are many international student loans available from private lenders.

By using our comparison tool, you can immediately see what lenders are available depending upon what school you plan to attend. You can then apply immediately online. Follow these steps to get the process started. Follow these easy steps to apply online now:

  1. Find a cosigner.
  2. Enter your information into our comparison tool.
  3. Compare lenders.
  4. Apply online.
  5. Wait for pre-qualification.
  6. Complete your application.

Step 1: Find a Cosigner
Private lenders will only make a loan to an international student if he or she has an eligible cosigner. A cosigner is someone willing to take responsibility for the loan if you default on the loan. Your cosigner must fulfill the following conditions in order to be eligible:
• Be a U.S. citizen or permanent resident.
• Has lived in the U.S. for at least the past two years.
• Has a good credit history.

In addition, your cosigner should be in a stable financial situation, which will increase the likelihood that you’ll be approved for the loan. Learn more about finding a cosigner on our page here.

Step 2: Enter your Information
Our tool is a quick and easy way to immediately find private lenders that match your situation and the school you plan to attend. We are the first and only to deliver this service for international students. Simply answer four questions, and get eligible lenders within seconds.

Step 3: Compare Lenders
You can compare the lenders based on rates and fees. Once you have chosen a lender, you can apply immediately online by clicking “Apply online.”

Step 4: Apply Online
The application process will differ for every lender. You will need to provide detailed information on your background, your financial situation, and the school you plan to attend. You will also have to provide detailed information on your cosigner as well. Your school determines how much you can borrow based on the cost of attendance and how much other aid you’ve been awarded in scholarships and grants. If you have questions during the application process, you can consult our help pages here.

Step 5: Wait for Pre-qualification
Many lenders will let you know if you’ve been prequalified within two days after you complete the application process. However, it can take several weeks and even up to two months to get the final approval. Therefore, be sure to start the application process early. You can apply anytime; there are no deadlines.

Step 6: Complete Your Application
Once your application has been approved, you and your cosigner will need to sign several documents to finalize the loan, including a Master Promissory Note. Your lender will then contact your school’s financial aid department and the money will be disbursed directly to the school. After paying tuition and fees and other expenses, any additional money meant to pay for living expenses will be disbursed to you from the university. For a more detailed discussion of how to apply for an international student loan, see our page called How Our International Student Loan Comparison Tool Works. Get started on your application today!

>> Learn more about international student loans

12 Comments

  1. Nelson Bautista says:

    Good Day .

    My name is Nelson Bautista, educational consultant in Venezuela.

    We had the opportunity to see his web and really enjoyed it and We are interested in knowing about

    1. the possibility that our prospects might do in enters college in the United States however, the current situation of the country Venezuela, prevents them to families pay a full annual tuition for Fall 2016 / Spring 2017, but my question, is possible to apply for a academic or athletic scholarship, loan? or financial aid ( student Employment) in some institution, respecting the requirements, through International Student Service?

    Our two prospects act a second time for the TOEFL test best average., supports and recognitions have evidence of their activity in the community, as students and athletes.

    We appreciate your prompt response.

    Cordially

    Nelson Bautista
    Latin America Director
    COLLEGE SR
    058-414-9296179
    skype: collegesrala

    • Rachel Rollins says:

      Hi Nelson,

      Thanks for visiting!

      To apply for our loan programs at an approved school in the US, all international students must be a US citizen or permanent resident with good credit and income history and who has lived in the US for the past two years.  You will also have to provide a valid student visa in order to finalize the loan.  You can apply for up to the total cost of education, as determined by your school, minus any other aid received. After you apply and receive credit approval for you and your co-signer, your school must certify the amount of the loan. The proceeds are then disbursed directly to the school.

      You should apply for a loan after you have been accepted and enrolled into an eligible school.

      You can see eligible schools here: http://www.internationalstudentloan.com/eligible_schools/all/

      You can start the application process and find all available lenders here: http://www.internationalstudentloan.com/apply/

      To apply for scholarships available to international students please search here: http://www.internationalscholarships.com/search

      The US has many restrictions on working in the US as international students. If you have a F1 visa you are allowed to work on-campus at a maximum of 20 hours per week. There other work-study options such as CPT and OPT programs. To learn more please visit: http://www.internationalstudent.com/study_usa/way-of-life/working-in-the-usa/

      Hope that helps!

  2. Jodi-Ann Dixon says:

    I’m interested in getting a loan for online studies. However, if this is not available then i’m willing to attend school as well.

    • Rachel Rollins says:

      Hi Jodi,

      Thanks for visiting! Unfortunately, we do not have a loan program for online learning program, and I am not aware of any others for which you would be eligible. My best advice is to contact the school, as they should know if there are any loan programs available to their international students.

      For information and listings of scholarships available around the world, please visit: http://www.InternationalScholarships.com

      Good Luck!

  3. alexadra cony says:

    hi,
    I postulate for a master in an university in Puerto-Rico this year, and i been accepted but i dont have money to continue with the program. I’m haitian, can i apply for a loan?

    • Rachel Rollins says:

      Hi Alexadra,

      Thanks for visiting! Unfortunately, our loan programs are for international students from anywhere in the world studying in the United States, or for US students studying abroad. We do not currently have a program for international students studying elsewhere in the world, even with a US co-signer.

      If you would like more information about international student loans for studying in the US please let me know.

      For information and listings of scholarships available around the world, please visit: http://www.InternationalScholarships.com

      Good Luck!

  4. Mafabi sadiki says:

    Dear sir /madam i am seeking for loan to study in us .am hoping for the positive reponse.

    • Rachel Rollins says:

      Hi Mafabi,

      Thanks for visiting! We have loan programs available to international students studying at an approved school in the United States, with a US co-signer. The co-signer must be a US citizen or permanent resident with good credit and income history and who has lived in the US for the past two years.  You will also have to provide a valid student visa in order to finalize the loan.  You can apply for up to the total cost of education, as determined by your school, minus any other aid received. After you apply and receive credit approval for you and your co-signer, your school must certify the amount of the loan. The proceeds are then disbursed directly to the school.

      You should apply for a loan after you have been accepted and enrolled into an eligible school.

      You can see eligible schools here: http://www.internationalstudentloan.com/eligible_schools/all/

      Good Luck!

  5. Ashish Gare says:

    Hi,
    I would like to apply for student Loan as I am getting admitted to the Rutgers university in Newark, New Jersey. My mother is working in the US and she will be co signer for my loan. I am on a L2 Visa as of now and will be applying for a f1 visa as well. Please let me know if you can provide the loan.

    Thank you.
    Regards,
    Ashish

    • Rachel Rollins says:

      Hi Ashish,

      Thanks for visiting! We have loan programs available to international students studying at an approved school in the United States, with a US co-signer. The co-signer must be a US citizen or permanent resident with good credit and income history and who has lived in the US for the past two years.  You will also have to provide a valid student visa in order to finalize the loan.  You can apply for up to the total cost of education, as determined by your school, minus any other aid received. After you apply and receive credit approval for you and your co-signer, your school must certify the amount of the loan. The proceeds are then disbursed directly to the school.

      You should apply for a loan after you have been accepted and enrolled into an eligible school.

      You can see eligible schools here: http://www.internationalstudentloan.com/eligible_schools/all/

      You can start the application process and find all available lenders here: http://www.internationalstudentloan.com/apply/

      Please let us know if you have any further questions.

      Good Luck!

  6. Denny says:

    Hi!

    I’m from Venezuela and to complete my PhD I do experiments of my thesis. Previously did some experiments in KUMC and I have planned to return to university to conduct experiments who for different reasons can not perform here in Venezuela. I can request loan for internships and my experiments at the University of Kansas?

    Thank you!

    • Rachel Rollins says:

      Hi Denny,

      We have loan programs available to international students studying at an approved school in the United States, with a US co-signer. The co-signer must be a US citizen or permanent resident with good credit and income history and who has lived in the US for the past two years.  You will also have to provide a valid student visa in order to finalize the loan.  You can apply for up to the total cost of education, as determined by your school, minus any other aid received. After you apply and receive credit approval for you and your co-signer, your school must certify the amount of the loan. The proceeds are then disbursed directly to the school.

      You should apply for a loan after you have been accepted and enrolled into an eligible school.

      You can see eligible schools here: http://www.internationalstudentloan.com/eligible_schools/all/

      You can start the application process and find all available lenders here: http://www.internationalstudentloan.com/apply/

      Please let us know if you have any further questions.

      Good Luck!

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